Hi AmeliesUncle,
Thanks for that! I really appreciate you pointing this out! As you stated, it was not evident in the current pub. 523. A couple questions.....
1). In the 2012 version of pub 523, it states under Nonqualified Use: "Nonqualified use means any period in 2009 or later where neither you nor your spouse (or your former spouse) used the property as a main home". Now, in reality, for 5 months each year we do use the EU home as our main home, while our US home is empty, but what they are describing is the "main home" for the entire year I guess, correct?
2). From what you said, it sounds like I could use TurboTax to do a "what if" run of the sale of the EU home to see what the rules are and see what the outcome would be, correct?
Lastly, good heads up on the impact to the US home sale in the future..
Thanks!
